Intel and SoftBank said Monday that the Japanese conglomerate will invest $2 billion in the struggling U.S. chipmaker.

Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.

The Apple product manufacturer sold the Lordstown, Ohio, facility to the Japan-based conglomerate for $375 million.

The deal coincides with unconfirmed reports that the Trump administration is considering a minority government stake in the ...

SoftBank Group is buying a US$2 billion equity stake in Intel, a move that will make it a top-10 shareholder and provide a ...

A Trumbull County commissioner says he anticipates between 1,600 and 2,000 people to be employed at the former GM Lordstown ...

Japanese tech investor SoftBank Group Corp. plans to acquire a $2 billion stake in American chipmaker Intel Corp.

Foxconn finally revealed the buyer for its Lordstown, Ohio facility: SoftBank. The facility, which was designed for electric ...

Americans are also leery about military applications for AI, the Reuters/Ipsos poll showed. Some 48% of respondents said the government should never use AI to determine the target of a military strike ...

Intel secures $2bn investment from SoftBank GroupSoftBank lines up Stargate factory in OhioDeutsche Telekom and Nvidia pitch ...

SoftBank’s investment in Intel comes less than a week after it was claimed that the Trump administration was reportedly in ...

A new partner to Foxconn's AI venture in Lordstown, Japanese investment firm SoftBank, has also announced a $2 billion ...